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Jun 29, 2024
Cohu Q2 2024 Earnings Report
Reported a net sales of $104.7 million and a GAAP loss of $15.8 million.
Key Takeaways
Cohu reported second quarter net sales of $104.7 million and a GAAP loss of $15.8 million or $0.34 per share. The company launched two new products: Krypton inspection metrology system and cStrider MEMS probe card. They also announced a multi-year estimated $100 million win for test automation and inspection systems.
Second quarter revenue was $104.7 million, with approximately 66% recurring.
Gross margin was 44.8%, and non-GAAP gross margin was 45.1%.
Launched two new products: Krypton inspection metrology system and cStrider MEMS probe card.
Announced a multi-year estimated $100 million win for test automation and inspection systems.
Forward Guidance
Cohu expects third quarter 2024 sales to be in a range of $95 million +/- $5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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